Market News
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Tanzania to Resume Oil & Gas Negotiations in 2021
Posted on :Monday , 11th January 2021
The Tanzania Petroleum Development Corporation (TPDC) is optimistic that the Host Government Agreement (HGA) negotiations between the government and International Oil and Gas Companies on the liquefied natural gas will resume in January 2021.
This is after they stalled for about a year after the decision of the Government to review the Production Sharing Agreements (PSAs). According to r. . .African Countries Agree to Strengthen Cooperation on Geothermal Production
Posted on :Monday , 16th November 2020
More than 500 experts, governments, civil society, academia and private sector representatives from Africa and other regions have agreed on the agenda for regional cooperation and accelerated geothermal growth in Africa, as concluded by the Eighth African Rift Geothermal Conference (ARGEO C8) on 6 November.
Participants acknowledged the need for capacity development for geothermal practi. . .UK’s Aminex Company Announces Successful Completion of Ruvuma Farm- Tanzania
Posted on :Tuesday , 27th October 2020
Upstream oil and gas company Aminex, has declared completion of the Ruvuma farm-out through its entire subsidiary, Ndovu Resources, transferring 50% interest in, and operatorship of the Ruvuma PSA to ARA Petroleum Tanzania Limited.
Over the past 12 months, the company has borrowed $3 million from ARA Petroleum which has now been compensated to ARA by means of US$5 million cash considerat. . .Tanzania-Uganda Pipeline Attains Major Breakthrough of $3.5bn
Posted on :Thursday , 1st October 2020
Tanga-Hoima Pipeline All set now for the kickoff, with Tanzania looking to March 2021 for the initiate the construction of the $3.5 billion project.
Confirmed after the agreement between French oil company Total and the Ugandan government over differences which forced the project to stall since 2018.
An initial plan for Tanzania and Uganda to have first oil flow in 2020 through th. . .Tanzanian Assets Explore Options Continued by Solo Oil
Posted on :Wednesday , 9th September 2020
Solo Oil PLC chief executive Tom Reynolds told shareholders in the company’s full-year results statement that they will be prioritized as oil and gas junior explores its options for its portfolio in Tanzania.
His comment comes after the group's relaunch under the new name of Scirocco Energy PLC and its positioning towards the European energy market. The said name chang. . .
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